Macy’s
Macy’s recently made an announcement regarding the future of the company for the upcoming years. They released the news that starting January of 2021, they will close down 45 shops permanently. CNBC reported that this is just the start of their overall plan to close 125 shops by the end of 2023. Most of these shops are located at malls, which means their physical presence in top-tier malls will be limited.
Macy’s
Bed Bath & Beyond
According to USA Today, Bed Bath & Beyond will close 43 shops by the end of February 2021. Last year, they have already announced to shut 200 shops and their goal is to lose another 200 this year. Shops from over 19 states will close, nine of which are from California.
Bed Bath & Beyond